5082 stories by Todd Shriber
Penn National Pumped by BofA, Analyst Sees Triple Digits for Hot Stock
The scintillating run by Penn National Gaming (NASDAQ:PENN) received more fuel today with the help of some bullish commentary from Bank of America (BofA) analyst Shaun Kelley. In a note to clients today, Kelley reiterates a “buy” rating on Penn stock, while...
Skillz Goes Public, Latest Gaming Name Born Out of SPAC Deal
Skillz Inc. (NYSE:SKLZ), a mobile gaming and esports provider, is now a publicly traded entity. It becomes the latest firm to join those ranks following a merger with a special purpose acquisition company (SPAC). In September, San Francisco-based Skillz announced plans to...
Apollo Great Canadian Offer Turns Soap Opera as Another Investor, ISS Balk
Apollo Global Management's (NYSE:APO) attempt to acquire Great Canadian Gaming Corp. (GCGC) for $2.5 billion has hit another stumbling block. The casino operator's biggest investor turned back the offer and an advisory firm recommended other investors vote against it. The news comes...
Hawaii Could Say Aloha to Kapolei Casino, But Odds Still Long
The Department of Hawaiian Homelands (DHHL) is taking a bold approach to dealing with a cash crunch caused by the coronavirus pandemic: It's proposing a casino in Kapolei on the island of Oahu. DHHL says it needs to raise $6 billion to...
Casino Queen Grabs Second Baton Rouge Casino in GLPI Hollywood Deal
For the second time this month, Casino Queen Holding Company Inc. is acquiring a gaming venue in Baton Rouge, La. On Tuesday, it announced the purchasing of the operating rights for the Hollywood Casino Baton Rouge. The buyer is paying $28.2 million...
DraftKings Stuffing Stockings Following InComm Gift Card Deal
DraftKings is entering the holiday shopping conversation. Today it announced a partnering with InComm Payments to roll out the gaming industry's first gift cards sold at retail locations. Atlanta-based InComm is a fintech company with expansive reach in the gift card business....
Macau Won’t Have V-Shaped Recovery, But Rebound Gradually Gains Momentum
Macau's gaming industry is on the mend following months of punishment at the hands of the coronavirus pandemic. But analysts caution the recovery isn't likely to be as swift as some investors are hoping. At the height of China's bout with COVID-19,...
Marquee Raine, SPAC Controlled by Cubs Owner, DraftKings Backer, Prices $325 Million IPO
Marquee Raine Acquisition Corp. has sold 32.50 million units at $10 apiece, pricing its initial public offering (IPO) at $325 million. The corporation is a special purpose acquisition company (SPAC). The units start trading today on the Nasdaq Capital Market under the...
Apollo Mulls Upping Bid for Great Canadian Gaming After Investors Scoff at Initial Offer
Private equity firm Apollo Global Management (NYSE:APO) is considering boosting its $2.5 billion acquisition offer for Great Canadian Gaming Corp. (GCGC). The deal comes after several large investors said that proposal is inadequate. Apollo's current bid values the casino operator at C$39...
NeoGames iLottery Growth Could Be Better Bet Than Sports Wagering, Says Analyst
NeoGames S.A. (Nasdaq:NGMS) is fresh on the gaming equity scene, quietly going public last month. But the stock is already gaining favor among Wall Street analysts. On Monday, Truist analyst Barry Jonas initiated coverage of the Israeli provider of iLottery solutions and...
